<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Inflation in Australia has cooled in the 12 months to April 2026, slowing to 4.2 per cent from 4.6 per cent the month prior.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>New data from the Australian Bureau of Statistics (ABS) shows that trimmed mean inflation, which is the primary target used by the RBA, rose to 3.4 per cent in the 12 months to April 2026, up from 3.3 per cent in the 12 months to March 2026.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Today's data was largely in line with market expectations, which are forecasting that the central bank board will hold on hiking interest rates when it next meets in June.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>LIVE UPDATES: </span></strong><a href="https://www.9news.com.au/world/us-israel-iran-war-live-updates-may-27-donald-trump-latest-world-news-headlines/8a193af4-9f50-47d9-94e0-41f86bd51fdc"><strong><span>Trump's plan to withdraw units from allied countries</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><em><span>More to come ...</span></em></div></div>